EURUSD Near Top Of Channel — Correction Imminent!!!EURUSD ( FX:EURUSD ) is trading in the Resistance zone($1.1310-$1.1162) , near the upper line of the descending channel and the Monthly Pivot Point .
In terms of Elliott wave theory , it seems that EURUSD has completed five main impulse waves , and with the break of the Uptrend lines , we should expect corrective waves . Most likely, EURUSD is completing microwave 4 , and we should expect the next decline and the formation of microwave 5 .
I expect EURUSD to fall to at least $1.1073 , and the next targets are marked on the chart.
Note: If EURUSD touches $1.1330 , we should expect further gains.
Please respect each other's ideas and express them politely if you agree or disagree.
Euro/U.S. Dollar Analyze (EURUSD), 4-hour time frame.
Be sure to follow the updated ideas.
Do not forget to put a Stop loss for your positions (For every position you want to open).
Please follow your strategy and updates; this is just my Idea, and I will gladly see your ideas in this post.
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Forexsignals
U.S. Dollar Index Set for Bearish Continuation The U.S. Dollar Index (DXY) has completed a five-wave impulse decline (labeled (1) through (5)) from the top of the descending channel. This downward move suggests a completed impulsive bearish leg. Following that, we’ve seen a complex corrective structure – a WXY double zigzag correction – now complete.
Price action shows a rejection from the upper trendline resistance near wave (2), confirming the bearish structure remains intact. The bounce into the corrective high (wave (2)) failed to break above key resistance, and we are now potentially entering a new impulsive move down labeled as wave (3) of the next larger degree impulse.
Primary Impulse Decline: Wave (1) to (5): Classic 5-wave move down ending late April.
Corrective Phase: Complex WXY correction (with subwaves A-B-C in both W and Y).
Current Wave in Play: Wave (3) of a larger impulsive sequence is initiating.
T1: 99.172
T2: 98.013
SL: 101.259
If price closes above 101.265 the current bearish impulse scenario would be invalidated.
EURUSD 1st 4H Death Cross after 7 months. Is it enough to short?The EURUSD pair just formed its first Death Cross on the 4H time-frame since October 04 2024. The last such formation signaled the bearish extension of the trend by breaking below its Higher Lows trend-line.
That was a similar Higher Lows trend-line the price rebounded on on May 12, exactly on the 1D MA50 (red trend-line). With the 1D RSI on levels similar with that previous Death Cross, we will wait for confirmation before shorting again and the price to break is the Higher Low/ 1D MA50 Cluster.
If broken, our Target will be just above the 0.618 Fibonacci from the bottom at 1.07350.
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USD/JPY Breakdown: Sell the Rallies, Ride the TrendUSD/JPY has decisively shifted bearish across all key timeframes. On the daily chart, the pair broke below the 50-, 100-, and 200-day EMAs with consistent lower highs and lows. The hourly chart confirms this trend, with bearish EMA stacking and failed attempts to reclaim the 200-hour EMA. RSI remains under 50 across timeframes, signaling persistent bearish momentum without exhaustion.
The 15-minute chart highlights ideal short-entry setups on pullbacks to the 20- or 50-EMA, especially when RSI fails to breach 50. The 200-EMA on this timeframe acts as dynamic resistance near 145.30. Short entries are favorable on rallies to the 145.10–145.35 zone, with downside targets at 144.80, 144.50, and potentially 144.20.
For the week ahead, the strategy is clear: fade rallies into EMA resistance and use RSI confirmation for timing. Avoid chasing lows—wait for price to come to you. Tight stops just above the EMAs minimize risk, and partial profit-taking at swing lows allows for trend-riding flexibility.
As long as USD/JPY remains below the 200-hour EMA, bearish momentum dominates. Trade with the trend, manage risk with precision, and stay alert for breakdowns below key support levels.
GBPJPY Signal : 1H / 4H Beautiful buy !!!Hello Traders! 👋
What are your thoughts on GBPJPY ?
Symbol : GBPJPY H1
Market price : 193.20
BUY limit : 192.40 - 192.00
Tp1 :193.40
Tp2 : 194.60
Tp3 : 196.40
Tp4 : 199.60
Sl : 190.80
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Remember this is a position that was found by me and it is a personal idea not a financial advice, you are responsible for your loss and gain.
Bearish reversal off pullback resistance?The Loonie (USD/CAD) is rising towards the pivot which aligns with the 38.2% Fibonacci retracement and could reverse to the 1st support which acts as a pullback support.
Pivot: 1.4085
1st Support: 1.3766
1st Resistance: 1.4262
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce off pullback support?The Swissie (USD/CHF) is falling towards the pivot which has been identified as a pullback support and could bounce to the 1st resistance which is also a pullback resistance.
Pivot: 0.8304
1st Support: 0.8084
1st Resistance: 0.8501
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish reversal off pullback resistance?The Cable (GBP/USD) is rising towards the pivot which is a pullback resistance and could reverse to the 1st support which acts as a pullback support.
Pivot: 1.3434
1st Support: 1.3100
1st Resistance: 1.3767
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bearish drop?The Fiber (EUR/USD) is rising towards the pivot and could drop to the 1st support.
Pivot: 1.1281
1st Support: 1.1051
1st Resistance: 1.1424
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce?US Dollar Index (DXY) is falling towards the pivot and could bouce to the 1st resistance.
Pivot: 100.17
1st Support: 97.91
1st Resistance: 101.93
Risk Warning:
Trading Forex and CFDs carries a high level of risk to your capital and you should only trade with money you can afford to lose. Trading Forex and CFDs may not be suitable for all investors, so please ensure that you fully understand the risks involved and seek independent advice if necessary.
Disclaimer:
The above opinions given constitute general market commentary, and do not constitute the opinion or advice of IC Markets or any form of personal or investment advice.
Any opinions, news, research, analyses, prices, other information, or links to third-party sites contained on this website are provided on an "as-is" basis, are intended only to be informative, is not an advice nor a recommendation, nor research, or a record of our trading prices, or an offer of, or solicitation for a transaction in any financial instrument and thus should not be treated as such. The information provided does not involve any specific investment objectives, financial situation and needs of any specific person who may receive it. Please be aware, that past performance is not a reliable indicator of future performance and/or results. Past Performance or Forward-looking scenarios based upon the reasonable beliefs of the third-party provider are not a guarantee of future performance. Actual results may differ materially from those anticipated in forward-looking or past performance statements. IC Markets makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or any information supplied by any third-party.
Bullish bounce for the Aussie?The price has bounced off the support level which is a pullback support and could rise from this level to our take profit.
Entry: 0.6386
Why we like it:
There is a pullback support level.
Stop loss: 0.6356
Why we like it:
There is a pullback support level that aligns with the 161.8% Fibonacci extension.
Take profit: 0.6436
Why we like it:
There is a pullback resistance level that is slightly above the 38.2% Fibonacci retracement.
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Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Potential bearish drop?USD/JPY is reacting off the resistance level which is an overlap resistance that lines up with the 23.6% Fibonacci retracement and could drop from this level to our take profit.
Entry: 145.90
Why we like it:
There is an overlap resistance level that lines up with the 23.6% Fibonacci retracement.
Stop loss: 146.83
Why we like it:
There is a pullback resistance level that aligns with the 50% Fibonacci retracement.
Take profit: 144.35
Why we like it:
There is a pullback support level that is slightly above the 71% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce for the Swissie?The price has bounced off the support level which is a pullback support that lines up with the 61.8% Fibonacci retracement and could potentially rise from this level to our take profit.
Entry: 0.8322
Why we like it:
There is a pullback support level that lines up with the 61.8% Fibonacci retracement.
Stop loss: 0.8197
Why we like it:
There is a pullback support level.
Take profit: 0.8510
Why we like it:
There is a pullback resistance level that is slightly below the 61.8% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish momentum to extend?USD/CAD is falling towards the support level which is an overlap support that lines up with the 50% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 1.3893
Why we like it:
There is an overlap support level that lines up with the 50% Fibonacci retracement.
Stop loss: 1.3837
Why we like it:
There is a pullback support that aligns with the 61.8% Fibonacci retracement.
Take profit: 1.4061
Why we like it:
There is a pullback resistance level that aligns with the 61.8% Fibonacci retracement.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
Bullish bounce?EUR/USD is falling towards the support level which is an overlap support that aligns with the 61.8% Fibonacci projection and could bouce from this level to our take profit.
Entry: 1.1083
Why we like it:
There is an overlap support level that lines up with the 61.8% Fibonacci projection.
Stop loss: 1.1098
Why we like it:
There is a pullback support level that lines up with the 138.2% Fibonacci extension.
Take profit: 1.1265
Why we like it:
There is an overlap resistance level.
Enjoying your TradingView experience? Review us!
Please be advised that the information presented on TradingView is provided to Vantage (‘Vantage Global Limited’, ‘we’) by a third-party provider (‘Everest Fortune Group’). Please be reminded that you are solely responsible for the trading decisions on your account. There is a very high degree of risk involved in trading. Any information and/or content is intended entirely for research, educational and informational purposes only and does not constitute investment or consultation advice or investment strategy. The information is not tailored to the investment needs of any specific person and therefore does not involve a consideration of any of the investment objectives, financial situation or needs of any viewer that may receive it. Kindly also note that past performance is not a reliable indicator of future results. Actual results may differ materially from those anticipated in forward-looking or past performance statements. We assume no liability as to the accuracy or completeness of any of the information and/or content provided herein and the Company cannot be held responsible for any omission, mistake nor for any loss or damage including without limitation to any loss of profit which may arise from reliance on any information supplied by Everest Fortune Group.
EURUSD: Bearish Continuation After Breakout 🇪🇺🇺🇸
EURUSD broke and closed below a significant horizontal support this week.
After a retest of a broken structure, the price formed a descending triangle pattern
on a 4h time frame.
Its neckline violation is a strong bearish confirmation signal.
The price is going to continue falling next week.
Next support - 1.11
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EURCAD: Bearish Outlook For Next Week Explained🇪🇺🇨🇦
Earlier, I shared a very bearish outlook for EURCAD on a daily time frame.
During the NY session on Friday, the price retested a broken support
of the flag and formed a head and shoulders pattern on that.
Its neckline violation provides a strong bearish confirmation.
I expect a bearish continuation on Monday.
Goal - 1.5505
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GBPNZD: Bullish Move From Trend Line 🇬🇧🇳🇿
GBPNZD retested a recently broken trend line on a daily.
A tiny double bottom that was formed on that on an hourly time frame
provides a strong intraday bullish confirmation.
We can expect a rise now at least to 2.26 level.
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EUR/USD Playbook: Precision Day Trading from Range to BreakoutEUR/USD is in a bullish correction on the daily chart, holding above the 21-EMA with compressed moving averages signaling consolidation. The pair trades in a 1.1170–1.1230 range on the 1-hour chart, presenting ideal day-trading opportunities. Volume spikes at support (1.1170) and weakness near resistance (1.1230) reinforce this range.
Use this structure to your advantage:
Long near 1.1170–1.1185, backed by EMA ribbon support and RSI recovery from oversold levels.
Short near 1.1225–1.1235, where RSI typically overextends and price stalls on weak volume.
Use tight stops (5–10 pips) and take profits near range edges.
If price breaks and holds above 1.1235, target 1.1265–1.1300 on a bullish continuation. Below 1.1170, expect deeper downside toward 1.1120.
Stick with the range until a breakout is confirmed by volume and candle closes.
USD/JPY Poised for Breakout: Watch the 145.60 TriggerUSD/JPY remains in a broader uptrend, with buyers defending the 141.00–144.50 support zone on the daily chart. While price has recently pulled back from the 148.50 high, the overall structure remains bullish. On the hourly timeframe, the pair has been moving within a descending channel since May 13. However, a double bottom near 141.80 and a push back toward 145.50 suggest buyers are regaining control. A breakout above the channel resistance at 145.60 could signal the end of the correction and a new leg higher toward 147.00–148.00.
The 15-minute chart supports this setup, showing a bull-flag consolidation above 145.20 and rising trendline support near 145.10. Volume has thinned during the flag formation, indicating a potential surge on breakout. Traders should look to buy above 145.60, targeting 146.20 and 146.80, with stops just below 145.00. A break under 145.00 flips the short-term bias bearish, with downside targets at 144.60 and 144.20.
Overall, the technicals favor a bullish breakout scenario into the week, provided 145.00 holds. Intraday traders should closely monitor the 145.00–145.60 zone for momentum confirmation.
NZDJPY: Strong Bullish Signal 🇳🇿🇯🇵
I spotted a nice example of the application of SMC trading
with multiple time frame analysis on NZDJPY pair.
After a test of a significant daily demand zone,
first, we see a liquidity grab where the price went beyond
the underlined zone.
A consequent bullish imbalance and CHoCH confirm
a real strength of the buyers and indicate a highly probable
bullish continuation.
Next goal - 86.43
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EURUSDHello Traders! 👋
What are your thoughts on EURUSD?
EUR/USD entered a corrective phase after its recent bullish rally and a test of the resistance zone.
Despite the short-term pullback, the mid-term trend remains bullish.
We expect the price to complete its correction near the identified support zone, and then resume its upward movement toward the specified target level.
This pullback may provide a buying opportunity in line with the broader trend.
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